Did Trump Just Dump?!

[Mr.WeRP]

Trading shares of DJT was halted today on a steep plunge over 10% of the share value closing at just over $27/share and continuing to drop in after hours trading.

The last time halting was used on this stock was when Trump announced he wasn’t selling his shares, an act that is probably illegal.

Then, on Sept 20th, the first day Trump could liquidate his equity, the price started dropping and volume shot to a record 20 million shares a day. That is a volume that had previously been unusual for the stock but then became the normal volume past the ominous date.

Over the last two weeks, the stock has slowly risen, without reason, on a volume in the 10s of millions a day, to today with a high of 32/share. Then, today around mid-day, volume skyrocketed and the stock price dropped so fast that trading was halted. There was no significant news for the company, and yet the volume was close to 100 million shares. Trump was granted 120 million for his stake in the company.

[John1956PA]

1. The price per share doubled in the past month.

Trump is late for his rally in Atlanta tonight. I think he sold off as many shares as he could today, all for the sake of locking in a nice profit.

[Uncle Joe]

6. It's just a slush fund for oligarchs. n/t

[biophile]

2. Well, well, well

Things that make you go “hmmm”

[regnaD kciN]

3. Oh, I thought you were talking about...

…Diaper Don’s behavior at today’s campaign rally.

[VanceFan]

4. Yah

Yes, I figured he unloaded into his Depends again.

[Frasier Balzov]

5. "Over the last two weeks, the stock has slowly risen, without reason..."

The reason is short covering.

Shares needed to be bought back to return them to the owners from whom shares were borrowed earlier to sell short.

Concentrated short covering can result in what is called a short squeeze, characterized by a sudden spike in price.

Since another drop has now occurred, this may signal that a new wave of short selling has begun.

[LudwigPastorius]

7. Rats...sinking ship...

Maybe a few investors are contemplating what happens to that company if, and when hopefully, Trump loses.

[LetMyPeopleVote]

8. Trump poops in public all of the time

Link to tweet